× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
1
S
1
1
g
1
Home Q & A Board Other Fields Homework Help Business
New Topic  
bigexternal bigexternal
wrote...
Posts: 1279
Rep: 2 0
8 years ago
You borrow $42,500 over a nine year term. Your bank charges an annual rate of 10%.  If the loan is repayable in equal end-of-period, annual payments, then what is the loan payment?
A) $7,379.72
B) $7,966.37
C) $6,916.68
D) $6,641.75
E) $8,117.70
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
Read 520 times
2 Replies
We're using: Corporate Finance Online (Eakins, McNally)

Related Topics

Replies
wrote...
#1
8 years ago
A) $7,379.72
bigexternal Author
wrote...
#2
8 years ago
I was skeptic but after double checking it checks out, thanks
We're using: Corporate Finance Online (Eakins, McNally)
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  960 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Show Emoticons
:):(;):P:D:|:O:?:nerd:8o:glasses::-):-(:-*O:-D>:-D:o):idea::important::help::error::warning::favorite:
Related Images
  
 471
  
 869
  
 237
Your Opinion
What's your favorite coffee beverage?
Votes: 407
Previous poll results: Which country would you like to visit for its food?